EX-12 2 ctq2018063010qex12.htm EXHIBIT 12 Exhibit


Exhibit 12

QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
 
 
Six Months Ended 
 June 30,
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
(Dollars in millions)
Income before income tax expense
 
$
1,018

 
1,791

 
1,763

 
1,733

 
1,609

 
1,566

Add: estimated fixed charges
 
289

 
583

 
579

 
568

 
546

 
557

Add: estimated amortization of capitalized interest
 
5

 
8

 
8

 
8

 
8

 
8

Less: interest capitalized
 
(13
)
 
(32
)
 
(19
)
 
(18
)
 
(17
)
 
(17
)
Total earnings available for fixed charges
 
$
1,299

 
2,350

 
2,331

 
2,291

 
2,146

 
2,114

Estimate of interest factor on rentals
 
$
11

 
23

 
23

 
24

 
25

 
26

Interest expense, including amortization of premiums, discounts and debt issuance costs
 
265

 
528

 
537

 
526

 
504

 
514

Interest capitalized
 
13

 
32

 
19

 
18

 
17

 
17

Total fixed charges
 
$
289

 
583

 
579

 
568

 
546

 
557

Ratio of earnings to fixed charges
 
4.5

 
4.0

 
4.0

 
4.0

 
3.9

 
3.8